📈Market Size & Segments

As of early 2023, there were over 350 million global cryptocurrency users, with millions of new wallet addresses created each year (excluding brokerage services like EToro, RobinHood, Paxos, etc.). The industry is expected to experience significant growth by the end of 2024, driven by increased adoption, technological advancements, and evolving regulations.

With the growing number of digital investors, there is a corresponding increase in demand for solutions that can recover lost or inaccessible digital assets. It is estimated that 20% of all circulating Bitcoin is already lost or trapped in wallets where the private keys have been misplaced. For other cryptocurrencies, this percentage may be even higher due to less secure storage methods.

Virgil Vault is uniquely positioned to capture a share of this vast and expanding market by offering specialized recovery services. Our comprehensive solution, which includes evaluating cases and successfully recovering assets, provides a much-needed option for investors who have lost access to their holdings.

Although it is challenging to provide an exact quantification, we should consider that Ledger alone, one of the biggest companies selling self-custodial wallets, sold over 6 million devices. By targeting the same target audience, we aim to become a leader in the industry.

By launching on 4 or 5 Launchpads, and assuming part of the total users become future clients, we can expect between 5.000-15.000 crypto enthusiasts to become early adopters.

Several key factors will influence Virgil Vault's market share in the cryptocurrency recovery industry:

• The comprehensiveness of the recovery methods offered

• The level of customer service and support provided

• The competitive pricing and value proposition

• The jurisdictional coverage and regulatory compliance

• Eventually, the success rate and reputation for recovering assets

By maximizing these factors and minimizing barriers to use, such as upfront costs and complex processes, Virgil Vault can establish itself as the preferred solution for digital investors who plan not to lose access to their digital assets.